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Wahed FTSE USA Shariah ETF

HLALNasdaqWahedC

$70.44−1.08 (−1.51%)

At close: Nov 2, 2026, 4:00 PM ET

Intraday session: down, 79 prints from 71.52 to 70.44. Range 70.44 to 72.06. Use the arrow keys to read each point.70.7571.0071.2571.7572.0010 AM12 PM2 PM4 PM
Expense ratio
0.50%
Fund size
$972M
1Y total return
+17.0%
Yield · Last 12 months
0.38%
Holdings
200
Avg volume · 30D
56K sh
52W range
low $57.22high $76.87
Launched
Filings
SEC EDGAR

The ETF.net HLAL Grade

C

Score 46 out of 100

Rank
37 of 48
Six-pillar profile for HLAL. Scores out of 100: Cost 17, Risk 38, Mission 92, Tradability 51, Holdings 22, Durability 59. Strongest: Mission (92). Weakest: Cost (17). Leans toward Mission.

Score 46 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F17 out of 100
    Rank 39 of 48
  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A92 out of 100
    Rank 20 of 43
  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D38 out of 100
    Rank 37 of 48
  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C51 out of 100
    Rank 20 of 48
  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    F22 out of 100
    Rank 48 of 48
  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B59 out of 100
    Rank 22 of 48

Our read on HLAL

ETF.net Research

In short

CThe original US-listed halal equity ETF: roughly 220 large and mid-cap American stocks that clear FTSE's Shariah business and balance-sheet screens, with a per-share purification figure published every quarter.

Stated mandate

The Fund seeks to track, before fees and expenses, the total return of the FTSE USA Shariah Index.

Why people hold it

  • No alcohol, gambling or conventional banking, and debt plus cash-and-interest items must each stay under 33.333% of total assets. Yasaar Limited runs the screens.lseg.comwahedinvest.com
  • The fund posts a per-share purification amount each quarter, generally before the dividend, so holders can donate the non-compliant sliver instead of estimating it.wahedinvest.com
  • Launched in 2019 as the first US-listed Shariah-compliant equity ETF, and it still carries the size and volume that keep a screened niche fund practical to trade.nasdaq.com
  • Plain index replication of the FTSE USA Shariah Index, and it hugs that benchmark about as closely as anything in its peer group.

Worth knowing

  • 0.50% a year sits well above plain-vanilla large-cap peers (ILCB charges 0.03%). The screening and purification machinery is what the extra buys.
  • Interest-based screens rule out banks and insurers, leaving roughly 220 names tilted toward technology and healthcare, so it can behave differently from the broad market.lseg.comnasdaq.com
  • Distributions come quarterly, and acting on the published purification amount is the shareholder's job, not the fund's.wahedinvest.com

HLAL Performance

Launched Jul 16, 2019

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.
HLAL$11,698
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. HLAL $11,698. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000$12,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for HLAL. Periods over one year show the average yearly return.
PeriodHLAL
Year to date+15.6%
1 month−4.4%
3 months+2.4%
1 year+17.0%
3 yearsper year+21.8%
5 yearsper year+12.8%
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for HLAL
YearReturn barHLAL
2026 YTD+15.6%
2025+18.3%
2024+16.7%
2023+30.1%
2022−17.6%
2021+28.6%
2020+24.6%

HLAL in the news

HLAL Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
0.38%Last 12 months
Payout per share
$0.27Last 12 months
Last payment
$0.10 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2019–2026

One bar per payment. 29 payments from 2019 to 2026 YTD. Sep 17, 2019 $0.08; Dec 30, 2019 $0.12; Mar 27, 2020 $0.10; Jun 26, 2020 $0.006; Sep 28, 2020 $0.13; Dec 29, 2020 $0.10; Mar 29, 2021 $0.08; Jun 28, 2021 $0.08; Sep 28, 2021 $0.08; Dec 28, 2021 $0.10; Mar 29, 2022 $0.10; Jun 28, 2022 $0.02; Sep 28, 2022 $0.17; Dec 28, 2022 $0.11; Mar 29, 2023 $0.10; Jun 28, 2023 $0.07; Sep 27, 2023 $0.02; Dec 27, 2023 $0.14; Mar 27, 2024 $0.03; Jun 27, 2024 $0.02; Sep 26, 2024 $0.17; Dec 24, 2024 $0.08; Mar 26, 2025 $0.08; Jun 25, 2025 $0.02; Sep 24, 2025 $0.15; Dec 24, 2025 $0.08; Mar 26, 2026 $0.08; Jun 25, 2026 $0.02; Sep 24, 2026 $0.10. Use the arrow keys to read each point.20192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Sep 24, 2026Sep 25, 2026$0.10
Jun 25, 2026Jun 26, 2026$0.02
Mar 26, 2026Mar 27, 2026$0.08
Dec 24, 2025Dec 26, 2025$0.08
Sep 24, 2025Sep 25, 2025$0.15
Jun 25, 2025Jun 26, 2025$0.02
Mar 26, 2025Mar 27, 2025$0.08
Dec 24, 2024Dec 26, 2024$0.08
Sep 26, 2024Sep 27, 2024$0.17
Jun 27, 2024Jun 28, 2024$0.02
Mar 27, 2024Apr 1, 2024$0.03
Dec 27, 2023Dec 29, 2023$0.14

See all 29 payments⁠

$10,000 in HLAL 5 years ago paid $399 in dividends.⁠

HLAL Risk

How much the fund’s monthly returns vary, scaled to a year.
14.6%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
1.13
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−23.2%
Trough Oct 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.03
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

HLAL Cost

Overpaying vs USCL, tied cheapest in US ESG & Values Index

$8,290

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • HLAL 0.50%

    $9,979

  • USCL 0.08% Tied cheapest

    $1,689

$10,000
30 years

Cost over time

  • HLAL 0.50%
  • USCL 0.08%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K$10K051015202530HLAL $9,979USCL $1,689

Year by year

YearHLALUSCLOverpaying
10$900$147$753
20$3,460$575$2,885
30$9,979$1,689$8,290

Other funds in US ESG & Values Index